NFL Players And Money

One of the concerns people constantly ask me about being an NFL gamer is, “what is it like making so much money at such a young age?”

OLEG VASILYEV have to state that it is very hard to go from being young and having no money to being young and a millionaire since you do not know how to be economically accountable. It’s similar to winning the lotto game, and also as you know from reviewing lottery game victors, many lottery winners go damaged within one decade after winning the lotto game.

Well, it is not that much different with specialist sports players. The factor for this is most expert athletes, and lotto champions, were never ever taught finance abilities.

Going from being broke one day to being a millionaire the next day is a significant modification in your life, primarily due to the fact that as soon as you have money, everybody desires you to give it to them, and a lot of the moment you do.

I originated from a solitary family members home without a daddy, which is something several specialist NFL gamers share. I am likewise African American as well as my family members did not have a great deal of money, which is additionally very usual amongst NFL gamers. As a result of this, I was never ever taught just how to manage cash properly and plan for my future. I went from being damaged someday to being drafted right into the NFL and also coming to be a millionaire.

A significant issue with being young as well as having a great deal of cash is the stress by almost everyone consisting of fellow gamers to spend a great deal of cash very promptly. When you are abundant, everyone wants your money, especially your family and friends. My mom, aunties, uncles, relatives, buddies, and so on all intended to borrow cash from me. As well as of course I gave it to them.

Then, you have sweethearts and also spouses who desire you to purchase them lots of costly presents like autos, precious jewelry as well as garments due to the fact that you are rich and they want to display to their buddies. You additionally have charities, investors, and businesspeople all asking for your money– and also you wind up giving it to them.

Yet potentially the worst of all is the various other gamers due to the fact that when it comes to cash it is the blind leading the blind. Most of us invest our money as if it will never ever run out due to the fact that we are ignorant in monetary responsibility.

For example, for you to be amazing and appreciated by the various other gamers, you have to keep up with them. So, if one gamer buys a new SUV, you wish to get one also. I suggest, you can not be an NFL player as well as drive a normal auto like a Honda Civic. You have to drive a pricey Hummer, Cadillac Escapade, BMW, Mercedes, Porsche, etc

. You additionally need to have a significant pricey residence. All the various other players do as well as if you just stay in a typical home, they look down at you. So, we invest a fortune purchasing significant residences for ourselves and also for our parents that we do not require. And certainly there is the jewelry.

We invest so much cash on fashion jewelry it is ridiculous. It is nothing for a player to spend $100,000 a year or more acquiring precious jewelry, which is just for us. That does not include all the jewelry we purchase for our household, wives, and also partners. It is all incredibly reckless.

Yet, when you have many individuals taxing you everyday to acquire points as well as stay on par with the other NFL players, it becomes a lot easier to say yes than to say no, even as you are seeing all of your cash vanish.

Another trouble is as a well-off NFL gamer, you are anticipated to flip the expense for everything. Whenever you go out to restaurant, you are the individual who spends for everybody. As well as, when you go out with various other players or your buddies, it is always to a fancy club where we go to the VIP area as well as spend thousands of bucks on expensive sparkling wine as well as beverages– for everybody.

I have actually recognized gamers who have actually spent over $25,000 in one night at a club. And after that they go and also do it over and over so they can be the “big guy.”

One more problem NFL players have is women that want us for our money as well as our standing. And many of these women are bloodsuckers. If we were not rich athletes these lovely females would most likely not look two times at us. But now that we are rich as well as well known, ladies chase us continuously.

This generally results in us marrying a lady we shouldn’t wed and afterwards getting separated after a number of years as well as shedding a huge portion of our cash in the separation. I made this mistake myself and it cost me very much and still costs me.